Consumer Discretionary

Piper Jaffray has raised the price target on Wet Seal (NASDAQ: WTSLA) from $5 to $6 and maintains its Overweight rating.

Goldman Sachs has raised its price target on Williams-Sonoma (NYSE: WSM) from $42 to $45 following its 1Q beat. Says Goldman Sachs, in its report, “…the firm remains well-positioned with a potent stable of brands and several innovative initiatives that should continue to drive share gains, focused...

ANN INC. (NYSE: ANN) comparable sales for the quarter increased 7.8% versus the first quarter of 2010. At Ann Taylor, total brand comparable sales increased 15.3%, reflecting increases of 13.7% at Ann Taylor stores, 43.1% in the Ann Taylor e-commerce channel and 9.2% in the Ann Taylor Factory...

Bank of America has upgraded Zale (NYSE: ZLC) from Neutral to Buy and has a price objective of $4.75.

According to Piper Jaffray, Dollar Tree Stores (NASDAQ: DLTR) price targets are raised. Piper Jaffray said that it is maintaining its Neutral rating but raising its price target from $51 to $65 following DLTR's Q1 earnings call. “In addition to reporting EPS of $0.82, which was above consensus of...

Barnes & Noble, Inc. (NYSE: BKS), today announced that the Special Committee of its Board of Directors has received a proposal from Liberty Media to acquire the Company at a price of $17 per share in cash. The proposal is subject to, among other things, the signing of a definitive purchase...

Deutsche Bank is out with its report today on Gap (NYSE: GPS), lowering its PT from $19 to $18. In a note to clients, Deutsche Bank writes, "We believe that Gap Inc's FY11 EPS plan reduction to $1.40-$1.50 from $1.88-$1.93 is capitulation that the company can not currently produce product for...

Bank of America has upgraded Red Robin (NASDAQ: RRGB) from Underperform to Buy and has raised the price objective from $18 to $40.

Bank of America Merrill Lynch has a Neutral rating and a $23 price target on shares of The Gap (NYSE: GPS) after the company reported earnings. In a note to clients, Bank of America writes, "Gap reported 1Q EPS of $0.40, a penny ahead of recent guidance and our estimate, but the company cut F2011...

Goldman Sachs is out with its report today on Gap (NYSE: GPS), lowering its PT from $20 to $17. In a note to clients, Goldman Sachs writes, "We further lower our margin estimates, taking our 2011/12/13 EPS to $1.44/1.45/1.53 from $1.71/$1.73/1.83. We also lower our 6-month target to $17 from $20 (...

According to Piper Jaffray, Red Robin (NASDAQ: RRGB) delivered revenue and operating EPS of $286.8 million and $0.58, above the 1Q11 estimates. Piper Jaffray said that results were in part driven by relatively stronger-than-expected comps of +1.9% at company units and +2.5% at franchise units,...

Citigroup has lowered the price target on Aeropostale (NYSE: ARO) from $24 to $22 and maintains its Hold rating.

Pre-open movers US stock futures are lower this morning. Futures on the Dow Jones Industrial Average dipped 31 points to 12,560.00 and futures on the S&P 500 stock index fell 3.70 points to 1,338.00. Nasdaq 100 futures dropped 6.25 points to 2,362.75. A Peek Into Global Markets Asian...

Jefferies & Co. is lowering the price target on shares of The Gap, Inc. (NYSE: GPS) to $18, and is reiterating its Hold rating on shares after the company reported earnings. In a note to clients, Jefferies writes, "GPS reported 1Q EPS of 40c, slightly above JEF/Cons 38c/39c. However, the key...

Piper Jaffray has lowered its price target on SORL Auto Parts (NASDAQ: SORL) from $8 to $6.50 in light of the company's earnings, which were recently reported. In the report, Piper Jaffray writes, “We are cutting our 2011 estimates for SORL following the company's earnings call earlier this week....